QIA has a robust governance framework, enabling effective oversight and management of its operations and strengthening QIA's position to create long-term value for future generations.
The respective roles of the different layers of QIA governance framework are as follows:
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QIA reports to the
Supreme Council for Economic Affairs and Investments (“Supreme Council"), the highest decision-making body concerning economy, energy, and investment of the State. The Supreme Council approves QIA's investment policy and oversees QIA's performance.
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QIA Board of Directors provides strategic guidance and monitors QIA executive management and is responsible for the governance implementation of QIA's mission. The Board is supported in its oversight by four Board Committees: Audit Committee, Investment Committee, US Investment Committee, and Local Portfolio Committee.
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QIA Chief Executive Officer and
executive management team manage QIA's day-to-day operations under the supervision of the Board, acting with operational independence within the context of QIA's overall strategy, policies and guidelines.
The government of Qatar does not interfere in the QIA's investment, divestment or other business decisions. Investment decisions are made strictly based on economic and financial criteria and with a long-term investment horizon.
QIA Governance framework aligns with international best practices observed by global sovereign wealth funds, ensuring transparency, accountability, and prudent financial stewardship.
QIA through the
International Forum of Sovereign Wealth Funds, helped draft the Santiago Principles which promote best practices and set the bar for good governance for sovereign wealth funds globally.